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NOTE: While every effort is made to provide accurate data, neither any persons named in these pages nor the American Council on Gift Annuities guarantees the accuracy of the data presented here. The user of this information is solely responsible for determining and verifying the accuracy of the data presented here and how it is used by the reader. This information is provided solely as a resource. This information is supplied by the ACGA State Regulations Committee.

State Regulations

Vermont

Degree of Regulation

In order to issue gift annuities in the state, a charity must meet the following regulatory requirements:

have been in continuous operation for three years (or be the successor or affiliate of an organization in operation for that period of time)

have at least $300,000 in unrestricted cash, cash equivalents or publicly traded securities, in addition to the assets necessary to fund the charity's outstanding annuity obligations on the date it enters into a gift annuity agreement